Simple Reminders to Think More Rigorously, Pt. I

Screen Shot 2014-10-13 at 1.23.57 PM

Averages hide variation.

“Growing intra-elite inequality typically results in the distribution of incomes becoming increasingly more right-skewed. In more extreme cases, however, it is also possible that the distribution of incomes actually becomes bi-modal. That is, it develops two humps, one for the winners and another one for the losers, with very few individuals in between.”  – Peter Turchin, population biologist


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s